The Military-Industrial Complex
By James Fallows

Yet Eisenhower's most celebrated "liberal" statement, indeed the only statement of his that endures, has been misinterpreted through most of the last generation. In his farewell address, delivered a few days before John Kennedy took office, Eisenhower gave his famous warning against "the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex." The phrase entered the lexicon, and at least within the little tribe of speechwriters it ensured the fame of its creator, Malcolm Moos. (Some accounts say that Ralph Williams, a Navy captain detailed to the White House, was also involved.) But only in the last few years have the implications of the military-industrial complex again taken on Eisenhower's original meaning.
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thanks to wood s lot

Here is Eisehnhower's speech.

Military-Industrial Complex Speech, Dwight D. Eisenhower, 1961